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US Conductive Silicone Rubber Market
ID: MRFR/CnM/16831-HCR
200 Pages
April 2025
US Silicone Market US Silicone Market Research Report: By Application (Construction, Healthcare, Automotive, Electronics, Personal Care), By Type (Silicone Fluids, Silicone Gels, Silicone Resins, Silicone Elastomers), By End Use (Industrial, Consumer Goods, Medical) and By Formulation (One-Part Systems, Two-Part Systems, Specialty Formulations) - Forecast to 2035
Industry Developments
The US Silicone Market has seen significant developments recently, particularly with key players such as Elkem ASA, Momentive Performance Materials, Kraton Corporation, and Wacker Chemie AG. Notably, there have been discussions in late 2022 regarding Momentive Performance Materials focusing on enhancing their silicone production capabilities to meet rising demand in various industries, including automotive and healthcare. Meanwhile, in January 2023, Elkem ASA announced an expansion of its silicone manufacturing facility in the US to strengthen its market position.Over the past few years, several mergers and acquisitions have also shaped the landscape, including Kraton Corporation's acquisition of a significant stake in a specialty chemicals producer in early 2021 to diversify its product offerings. The market valuation of companies like Dow Inc and Huntsman Corporation has been positively impacted by growing consumer demand, particularly driven by advances in electronics and renewable energy sectors. Major trends from 2021 to 2023 reflect an increased emphasis on sustainable and innovative silicone solutions in manufacturing, which is expected to drive further growth in the industry.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 2.34(USD Billion) |
| MARKET SIZE 2024 | 2.65(USD Billion) |
| MARKET SIZE 2035 | 4.6(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.141% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Elkem ASA, Momentive Performance Materials, Kraton Corporation, Trelleborg AB, Reiss Manufacturing, SABIC, Dow Inc, IMI Critical Engineering, Wacker Chemie AG, Silicone Solutions, AB Specialty Silicones, Rudolph Technologies, GCP Applied Technologies, ShinEtsu Chemical Co, Huntsman Corporation |
| SEGMENTS COVERED | Application, Type, End Use, Formulation |
| KEY MARKET OPPORTUNITIES | Medical device applications, Automotive industry growth, Electronics miniaturization needs, Sustainable silicone alternatives, Construction and infrastructure demand |
| KEY MARKET DYNAMICS | growing demand in automotive sector, increasing consumer electronics applications, sustainability trends in manufacturing, advancements in medical technology, rising construction industry requirements |
| COUNTRIES COVERED | US |
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